September 13, 2012 "Information
Clearing House"
- -Today the Western peoples are experiencing the
destruction of their well being that is comparable to what
the one percent in Rome imposed on Roman citizens and
conquered peoples. Here is how John Williams (shadowstats.com,
9-12-12) phrases the wipeout of Americans’ hopes:

“Consumers simply cannot make ends meet. Inflation-adjusted,
or real, median household income declined for the
fourth-straight year, plunging to its lowest level since
1995. Deflated by the CPI-U, the 2011 reading actually stood
below levels seen in the late-1960s and early-1970s."

“At the same time, despite the ongoing nature of the
economic and systemic-solvency crises, and the effects of
the 2008 financial panic, income dispersion—the movement of
income away from the middle towards both high- and low-level
extremes—has hit a record high, instead of moderating, as
might be expected during periods of financial distress.
Extremes in income dispersion usually foreshadow
financial-market and economic calamities. With the current
circumstance at a record extreme, and well above levels
estimated to have prevailed before the 1929 stock-market
crash and the Great Depression, increasingly difficult times
are likely for the next several years.”

This chart shows where the median household income of the US
Superpower, the “indispensable people,” stands at the
culmination of 2011. Americans are as well off as they were
in 1967-68. Most americans cannot pay for fighting
multi-trillion dollar wars for 11 years, bailout trillions
of dollars in uncovered casino bets by Wall Street, have
their middle class jobs sent abroad by corporations, and
still expect to have higher personal incomes.

Apparently, Americans are the first people in history who
are so idealistic, or so thoroughly brainwashed, that they
prefer to pay for wars and bail out banks than to make their
mortgage payments and help their children with student loan
debt.

The federal court in Germany has ruled that Germans are to
be just as idealistic as Americans. The federal court has
produced a ruling that it is OK for the EU to require German
citizens to provide $190 billion to pay off the private
banks who lent too much money to Greece.

In exchange for paying off the banks for Greece, the Greek
people are to be driven into poverty and hopelessness.
Pensions are cut, taxes are raised, employment is cut,
social services are curtailed, prices of utilities are
raised. The Greek people are to be destroyed in order that
the private European banks do not lose money on their bad
loans.

In the West the Revolution From Above has succeeded. The
peoples are re-enserfed. The promised land is a promised
land for the one percent.

Paul Craig Roberts was Assistant Secretary of the Treasury
for Economic Policy and associate editor of the Wall Street
Journal. He was columnist for Business Week, Scripps Howard
News Service, and Creators Syndicate. He has had many
university appointments. His internet columns have attracted
a worldwide following.

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